Money & Banking

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Money & Banking Introduction

What is money? You might never have thought much about it before, but the question is more interesting than you might think. (And the answer is a bit more complicated than "colorful paper in your pocket.")

This is the place to learn about the economic definition of money, where money comes from, how it holds value, how the banking system works in the U.S. and how the Federal Reserve uses monetary policy to influence the entire economy.